Ecobank Transnational Incorporated (ETI) the Lomé-based parent company of the Ecobank Group, announcesthe following changes to the board of the pan-African financial institutions
- Deepak Malik – Co-opted to the board from Arise B. V. as a Non-Executive Director.
- Monish Dutt – Resigned as a Director of ETI
- Laurence Do Rego – appointed as the Group Chief Regulator and Compliance Officer
Mr. Deepak Malik joined ETI Board of Directors as a nominee of Arise B. V. (“Arise”) which now holds 14.1% equity stake in ETI following its acquisition of shaes previously beld by IFC and the fund managed by IFC Assets Management Company in August 2019.
Deepar Malik was the Chief Executive Officer of Arise since 2017 whose mandate is to partner with financial services providers to advance financial inclusion on the African continent. Prior to joining Arise, Malik was part of the management team at Norfund, a Development Finance Institution, where he fulfilled the Head of Southern African Office and Head of Department, Financial Institutions for over 13 years.
Malik who is currently on the board of many International Financial institutions is a fellow of the Institute of Chartered Accountant India and has a bachelors degree in Commerce (honors) from University of Delhi, India
Mr. Monish dutt was nominated to the board of ETI by IFC and has since resigned following the divestment of IFC from ETI.
Laurence is a group Executive and a member of the Group Executive Committee reporting directly to the Chief Group Executive Officer (GCEO).
She is a seasoned banker with over 30 years experience, she joined Ecobank on 2000 as the Financial Controller of Ecobank Benin. She has held several senior posotion in the Group, most recently is the senior adviser to the GCEO in charge of special projects. She holds both Bachelor and post graduate degree in Finance and accounting.